"There are good days and bad days," the 48-year-old actress admits. "Liev and I are on great terms and we’re trying to do our absolute best for the sake of the children and we hope to keep moving forward in that way."

Watts has opened up to ET about co-parenting her and Schreiber's two children, 9-year-old Alexander and 8-year-old Samuel, revealing at the NYC Book of Henry junket earlier this month that the little ones are doing "great."

Additionally, Watts continues to speak highly of her ex, telling ET while promoting her film, Shut In, last November that Schreiber is an "extraordinary talent."